Update: According to a source speaking with CNET, Motorola does not plan to unveil the X Phone at the press briefings next week, saying the event is about “something else.”

We already know a lot about the upcoming Moto X Phone. Motorola CEO Dennis Woodside announced it at the D11 conference earlier this year, and since then, we’ve seen images, specs, and details regarding customization options leak. The main thing we need to know is when it will be announced and when it will be released. On an episode of his This Week in Google show, podcaster Leo Laporte stated that he has been invited to an event at the Google campus on July 10th by Motorola employe Guy Kawasaki. It’s a small event, according to Laporte, with only 50 journalists being invited. The same event will also be held on July 11th with another group of reporters.

There are all sorts of things Moto/Google could have up its sleeves for this event, but Laporte seems pretty adamant about it being the Moto X Phone. It could also be something simple, such as Motorola wanting to further introduce its new strategy with reporters. Given the fact that it will be held on the Google campus, it could also be something entirely unrelated to Motorola, such as Android 4.3. As Google has said before, Motorola is supposed to be operated entirely separate with no direct access to Google.

On the ad released by Motorola earlier this week, two people were jumping into a lake forming “XI” with their bodies. In Roman numerals, X1 is obviously the number 11, which further leads to the possibility of the X Phone being announced at these small events. However, that’s a lot of speculation on top of very little information, so we’ll just have to wait and see.

For all of the details from Leo Laporte (not many) jump to the 40 minute mark in the video below: